The deduction is adjusted each year for inflation.
The deduction is available to couples earning less than $130,000 -- half that for singles.
The deduction is available for individuals earning up to $250,000, or $500,000 for a married couple filing jointly.
The deduction is Washington's way of supporting states that support their most vulnerable citizens and neediest cities.
The deduction is now capped at $25,000, which is still considerably higher than small-business deductions available for cars and smaller S.U.V.'s.
The deduction is up to $2,000, depending on the price of the vehicle, for a tax saving of about $600.
The deduction is due to be phased out, with a 25percentt cut next year and similar cuts in 2003 and 2004, reaching zero in 2005.
The deduction is $11,400 for married couples filing jointly and qualifying widows and widowers, $5,700 for single filers and married individuals filing separately and $8,350 for heads of household.
The deduction is phased out for couples with adjusted gross income above $250,000 and singles above $125,000.
The deduction is the spread between the exercise price and the market value at the time of exercise.
The deduction is based on an IRS-calculated percent of the amount that eventually passes to charity, or the "remainder," after the Brownells die.
